The European Cyber Security Organisation (ECSO) has launched a new edition of the European Cybersecurity Investment and M&A Quarterly Report. A must-read for anyone interested in the movements of the European cybersecurity market.

On this edition of the European Cybersecurity Investment and M&A Quarterly Report:

• A 45% contraction in total investments between Q3 2023 and Q3 2024 highlights a challenging landscape. However, October offers a silver lining with a rebound from the summer low.
• More than half of all funding rounds this year are seed or pre-seed. Meanwhile, the average round size remains in the same ballpark of H1 2024, standing at 6.5M euros.
• The UK still dominates unchallenged in both the number of funded companies and total investments for the year. On the continent, while France and Germany funded the same number of companies (13), the funding size difference is apparent. French companies received investments for 221M euros, compared to only 28.6M for German ones.
• M&As activity reflects a similar geographical  imbalance. Most acquiring companies are based in the UK, US, France, Germany, Sweden and Norway, underscoring the dominance of these markets.